Terrific piece from The Macalope regarding Seeking Alpha’s Todd Sullivan, who calculated that Apple’s exclusive deal with AT&T is somehow bad for Apple:

Todd, the Macalope just doesn’t know how many other ways to say this but that is simply one busted-ass 2007 Nissan Premise you’re driving there. Exclusivity is a condition for the revenue sharing agreement. That’s how Apple gets the revenue sharing. You can’t say Apple’s somehow foregoing $1 billion in revenue sharing that it could never possibly get.